22 Apr 2016 13:20

Yamal LNG needs another $12 bln in external financing - Mikhelson

MOSCOW. April 22 (Interfax) - The Yamal LNG project needs approximately another $12 billion in external financing, given what funds have already been raised, Novatek CEO Leonid Mikhelson told journalists.

"We need roughly $18-$19 billion, including the $4 billion already raised from Gazprombank and Sberbank of Russia , and the 150 billion rubles [from the National Welfare Fund]," he said.

"The necessary amount will be raised soon, without a shadow of doubt," he said.